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2005/OB/20
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OXFORD
BIOMEDICA SIGNS LENTIVECTOR® LICENSING AGREEMENT
WITH PFIZER
Oxford
BioMedica (LSE: OXB), the leading gene therapy company, announced
today that it has signed a licence agreement for its LentiVector
technology with Pfizer (NYSE: PFE). The agreement provides
Pfizer with use of the Company's proprietary LentiVector
gene delivery system for research activities. Under the terms
of the agreement, Oxford BioMedica will receive an upfront
licence payment and an annual maintenance fee. Further financial
details were not disclosed.
Oxford
BioMedica's lentivirus-based gene delivery technology,
known as LentiVector, is one of the most powerful technologies
for the delivery of genes to a wide range of cell and tissue
types. The LentiVector technology has applications both in
therapeutic products and as a drug discovery tool for target
validation and the creation of targeted disease models. It
has also been shown to enhance the efficiency of making transgenic
birds and mammals. Oxford BioMedica has a comprehensive portfolio
of US and European patents that cover the LentiVector technology.
Commenting
on the news Oxford BioMedica's Senior Vice President Commercial
Development, Peter Nolan, said: "We are delighted to
add Pfizer to our list of licensees for the LentiVector technology
The versatility and safety of lentiviral vectors make them
the system of choice for gene target validation in the drug
discovery process as well as for the direct therapeutic applications
in neurotherapy that Oxford BioMedica is pursuing. An increasing
number of companies are using the LentiVector technology and
we expect to establish a number of new partnerships around
the technology".
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Notes
| 1. |
Oxford
BioMedica |
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Oxford BioMedica (LSE: OXB) is a biopharmaceutical
company specialising in the development
of novel gene-based therapeutics with a
focus on the areas of oncology and neurotherapy.
The Company was established in 1995 as a
spin out from Oxford University, and is
listed on the London Stock Exchange.
Oxford
BioMedica has core expertise in gene delivery,
as well as in-house clinical, regulatory
and manufacturing know-how. In oncology,
the pipeline includes an immunotherapy and
a gene therapy in multiple Phase II trials,
and a preclinical targeted antibody therapy
in collaboration with Wyeth. In neurotherapy,
the Company’s lead product is a gene
therapy for Parkinson’s disease, which
is expected to enter clinical trials in
early 2006, and four further preclinical
candidates. The Company is underpinned by
over 80 patent families, which represent
one of the broadest patent estates in the
field.
The
Company has a staff of approximately 65
split between its main facilities in Oxford
and its wholly owned subsidiary, BioMedica
Inc, in San Diego, California. Oxford BioMedica
has corporate collaborations with Wyeth,
Intervet, Amersham, Viragen, MolMed and
Kiadis; and has licensed technology to a
number of companies including Merck &
Co and Biogen Idec. |
| 2. |
LentiVector
technology |
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Oxford BioMedica’s LentiVector gene
delivery technology, based on lentiviruses,
is arguably the most potent system currently
available for treating a range of diseases,
particularly those of the central nervous
system. Oxford BioMedica has shown that
its lentiviral vectors are able to deliver
genes with high efficiency to a variety
of both dividing and non-dividing cells,
including neurons in the brain.
Oxford
BioMedica has three issued US patents and
a European patent for its LentiVector technology.
These include broad composition of matter
claims and methods of production claims
for lentiviral vector gene delivery systems
of both human and non-human origin. The
patents also cover derivatives of lentiviral
vector systems that, unlike many versions
of lentiviral vectors, have real clinical
utility because of their safety.
The
Company has established a neurotherapy pipeline
of product candidates based on its LentiVector
technology, which includes ProSavin®
for Parkinson’s disease, RetinoStat®
for retinopathy, MoNudin® for motor
neuron disease, SMN1-G for spinal muscular
atrophy and Innurex® for nerve repair.
Current licensees of the LentiVector technology
include Merck & Co and Biogen Idec. |
| 3. |
Pfizer |
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Pfizer
Inc (NYSE: PFE) discovers, develops, manufactures,
and markets leading prescription medicines
for humans and animals and many of the world's
best-known consumer brands. Pfizer’s
innovative, value-added products improve the
quality of life of people around the world
and help them enjoy longer, healthier, and
more productive lives. The company has three
business segments: health care, animal health
and consumer health care. Pfizer’s products
are available in more than 150 countries. |
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further information please contact:
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Oxford BioMedica plc
Professor Alan
Kingsman, Chief Executive
Peter Nolan, SVP Commercial Development |
Tel: +44 (0)1865 783 000 |
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